First- and second-tier city real estate can't withstand the downturn; the more assets you hold, the more you should think.

In the past two years, a clear phenomenon has emerged—although real estate in first- and second-tier cities seems stable, once the market adjusts, the decline isn't milder than other assets. Many people's main wealth is concentrated here, and when liquidity tightens, it becomes easy to be forced to sell at a loss.

In contrast, assets like $BTC with high liquidity have an advantage: during bad market conditions, you can quickly adjust without being stuck. The key is that, although Bitcoin's volatility looks fierce, the market's efficiency actually gives you more control—when to buy, when to sell, it's entirely up to you.

This is also why more and more investors are considering increasing their holdings of Bitcoin as part of their asset allocation. Instead of putting all chips into real estate in a single city, it's better to allocate some surplus into high-liquidity, global assets. When the market declines, having more options is more like insurance—this logic is actually quite simple.